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Best Buy Co Inc (NYSE:BBY)
Shares Outstanding
350 Mil (As of Apr. 2014)

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Best Buy Co Inc's shares outstanding for the quarter that ended in Apr. 2014 was 350 Mil.

Best Buy Co Inc's quarterly shares outstanding declined from Jan. 2014 (355 Mil) to Apr. 2014 (350 Mil). It means Best Buy Co Inc bought back shares from Jan. 2014 to Apr. 2014 .

Best Buy Co Inc's annual shares outstanding declined from Feb. 2012 (366 Mil) to Jan. 2014 (348 Mil). It means Best Buy Co Inc bought back shares from Feb. 2012 to Jan. 2014 .


Definition

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.


Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

If a company buys back shares, we should also observe negative number for Net Issuance of Stock in its cash flow statement. If a company issues shares, we will observe positive number of Net Issuance of Stock.


Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.


Related Terms

Net Issuance of Stock, Buy Back Rate


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Best Buy Co Inc Annual Data

Feb04Feb05Feb06Feb07Feb08Feb09Feb10Feb11Feb12Jan14
Shares Outstanding 501489505496453423428417366348

Best Buy Co Inc Quarterly Data

Nov11Feb12Apr12Jul12Oct12Apr13Jul13Oct13Jan14Apr14
Shares Outstanding 369346343339337341344349355350
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